YG Entertainment has officially announced that 2NE1 has disbanded.
This unexpected announcement came as a shock to fans as the group’s disbandment happened despite the general consensus that leader CL would return to the group for a comeback.
CL and Sandara Park have re-signed with YG Entertainment as solo artists. Park Bom has not re-signed with the label.
Here is the fully translated press statement by YG Entertainment:
As of May 2016, 2NE1’s exclusive contract with YG was over and as Minzy was no longer able to continue with us YG and the other members after long discussion have decided to officially disband 2NE1.
As 2NE1 has been the representing girl group of YG for the last 7 years, we cannot express how sad we are, however we have decided that it would be too hard for them to keep going and rather than wait on 2NE1’s activities without promise of when it will happen decided to focus on the members’ solo careers.
We would like to thank everyone for their love and support for 2NE1 and their music.
As of 2016 May we have signed solo artist contracts with CL and Sandara Park and Park Bom has not resigned with YG.
Stay tuned for more updates on this breaking news.
Source: YG Entertainment